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The statement is as follows:

TREASURY ACCOUNTS.-STATEMENTS IN THE SPEECHES OF HON. HENRY

G. DAVIS DELIVERED IN THE UNITED STATES SENATE JANUARY 13, 24, AUGUST 5, 1876, AND NOVEMBER 16, 1877.

Statements in speech January 13, 1876.

CHANGE OF FIGURES AS TO EXPENDITURES.

I find on examination that all of the Finance Reports of the Treasury Department previous to the year 1870 substantially agree as to the total annual receipts and expenditures of the government; but taking the Finance Report for 1870, I find that it differs as to the total annual receipts and expenditures from all like previous reports as to the years included between 1860-61 and 1865-66. For instance, in the Finance Report 1869, on page 321, it will appear, commencing with the year 1860-'61, the total annual expenditures are stated as follows:

1-60-'61. 1861-62 1862–63. 1863–64. 1-64-65. 1865-'66.

$S5, 387, 313 08 570, 841,700 25

895, 796, 630 65 1, 298, 144, 656 00 1,897, 674, 224 09 *1, 141, 172, 666 09

Total

5, 888, 917, 190 16

Now, taking the Finance Report for 1870, at page 275, we find, commencing with the year 1860-'61, that the total annual expenditures are stated as follows:

1860-'61. 1-61-62. 1862–63. 1863–64. 1864-'65.. 1865-'66.

$35, 387, 363 08 565, 667, 358 08

899, 815, 911 25 1, 295, 541, 114 86 1,906, 433, 331 37 1, 139, 344, 081 95

Total ......
Difference or increase

5, 892, 189, 160 59

3, 271,970 43

By comparing the above figures it will be seen that the total annual expenditures during the years named differ materially; for instance, in the report of 1869 the total annual expenditures for the year 1864-65 are stated at $1,897,674,224.09. Now, in the report of 1870 the total annual expenditures for the same year, 1864–65, are stated at $1,906,433,331.37, showing not only a wide difference, but, what is worse, an increase in the amount of nearly $900,000,000. That is, the report of 1870 increases the expenditures for the year 1864-65 over the report for 1809 and previous reports for the same year about $9,000,000.

Taking the year 1862–63, it will be seen that the report of 1870 increases the total annual expenditures of that year over the report for 1869 for the same year over $4,000,000. It will be further found that, taking all the years above named together, they are at times increased and then decreased; but the report of 1870 increases the average total expenditures of the government during these years over the report of 1-69 above $3,000,000.

The net ordinary expenditures of the government for the year 1865, as stated in the Finance Report for 15), are $1,212,911,270.41. The same expenditures for the same year, as stated in the Finance Report for 1870, is $1,214,349,195.43, showing an increase of $1,437,925.02. In other words, the Finance Reports of 1865, 1866, 1867, 1818, and 1969, which agree with each other, show that the net ordinary expenditures of the government were nearly one and one-half millions less than the report of 1870 shows them to have been for that year.

Taking the Navy, War, Pension, and Indian expenditures especially from 1860 to 1-66, it will be seen that many of the figures have been changed in the Finance Report of 1-70, after having been officially reported for many years.

* Should be $1,141,072,666.09. Difference 100,000. Typographical error. Aggregate correct.

1 TREAS

PENSION EXPENDITURES.

$16, 347, 621 34

9, 291, 610 48

7,056, 010 86

In the report of 1870 the expenditures for pensions are stated for the

year 1864-65 at In the report of 1869 the same expenditures for the same year are

stated at..... Showing an increase in the report of 1870 over the figures in the

report of 1869 of ...... In the report of 1870 the pension expenditures for the year 1863-64

are stated at.. In the report of 1863-64 the same expenditures for that year (1863–64)

are stated at Showing an increase in the report of 1570 over the figures stated in

the report of 1869 of .

4,985, 473 90

4,979, 633 17

5, 840 73

In the report of 1870 the expenditures for pensions in the year 1870

are stated at In the report of 1874 the same expenditures for the same year (1870)

are stated at.

28, 340, 202 17

28, 402, 241 20

Showing an increase in the report of 1874 over 1870 of ...

62, 039 03

NAVAL EXPENDITURES. In the Finance Report for 1871 the expenditures in the Naval Department are put down for the year 1865 at...

*122, 617, 431 07 In the report for 1869 these same expenditures are stated for the same year at

122,567,776 12 Showing an increase in the report of 1871 over the report of 1869 in the naval expenditures for the year 1865 of.....

49, 657 95

WAR DEPARTMENT.

In the report of 1871 the expenditures of the War Department are

603, 314, 411 82

put down in the annual statement of government expenditures for

the year 1862–63 at.. In the report of 1869 the same expenditures for the same year, as ap

pears in the annual statement of expenditures, is stated at...... Showing an increase in the figures of the report of 1871 over the report

of 1869 for the year 1863 of..

599, 298, 600 83

+4,015, 800 99

EXPENDITURES IN INDIAN DEPARTMENT.

3, 152, 032 70

In the report for the year 1870 the expenses in the Indian Department

for the year 1863 are reported in the statement of annual expendi

tures at.... While in the report for the year 1868 the sa

same expenses are reported for the same year at. Showing an increase in the figures of the report of 1870 over the re

port of 1868 in the Indian expenditures for the same year of..

1,076, 326 35

2,075, 706 35

REVENUE COLLECTED.

In the Finance Report for 1863, in the annual statement of revenue col.

lected for that year, we find the internal revenue stated at..... $37, 640, 787 95 The total revenue, exclusive of loans and Treasury notes, at,

132, 889, 746 95 And the total receipts from all sources stated for the same year at.... 889, 379, 652 52 Now, in the report of 1864 for the same year the internal revenue is stated at the same figures.....

37, 640, 787 95 Total revenue, exclusive of loans and Treasury notes. at

112, 687, 290 95 And the total receipts from all sources at...

889, 379, 652 52 Should be 122,617,434.07. Difference $?. Aggregate correct. Typographical error. Should be 4,015,810.99. Difference, 10. Error in addition.

That is to say, the Treasury Department makes the total receipts the same, although there is a wide difference in the amount of the total revenue, exclusive of loans and Treasury notes.

And in the report of 1870 of the annual statement of revenue collected for the year 1863 we find that no internal revenue is stated as having been collected during that year whatever, and the total receipts, exclusive of loans and Treasury notes, at $74,448,157.55, and the total receipts from all sources, $889,373,652.51; showing that in the year 1863, although no internal revenue appears in the report for that year and the net revenue is stated at a less sum by more than $30,000,000, yet the total receipts from all sources, as in the report of 1863 and 1864, is nearly the same, $229,373,652.51.

LOANS AND TREASURY NOTES.

The loans and Treasury notes for the year 1863 are stated as follows in the various finance reports of the annual statements of revenne collected : In the report of 1863..

$756, 489, 905 57 In the report of 1864.

776, 622, 361 57 In the report of 1970

814, 925, 494 96

CHANGES IN THE PUBLIC-DEBT STATEMENT. By examining the Register's reports for 1870 and 1871, it will be seen that great changes have been made in the statement of the public debt, particularly for the years between 1862 and 1870, inclusive. For instance, in the report of 1871 the statement of the public debt is, commencing with the year 1862, as follows: 1862..

1870...

1865..

$524, 176, 412 13 1863.

1, 119,772, 138 63 1864.

1, 815,784, 370 57 1865.

2, 680, 647, 869 74 1866.

2,773, 236, 173 69 1867.

2, 678, 126, 103 87 1868.

2,611, 687, 851 19 1869

2,588, 452, 213 94

2, 480, 672, 427 81 Total.......

19, 272, 555, 561 57 In the report for 1870 for the same years the public debt is stated as follows: 1862

$514, 211, 371 92 1863.

1,098,793, 181 37 1864

1,740, 690, 489 49

2, 682, 593, 026 53 1866.

2,783, 425, 879 21 1867

2,692, 199, 215 12 1868.

2, 636, 320,964 67 1869.

2, 489, 002, 480 58 1870..

2, 386, 358, 599 74 Total......

19, 023, 595, 208, 63 Difference, or increase.

248,960, 352 94 From the above nine years it will be seen that in the report of 1871 the public debt for the years named is increased over the same years in the report of 1870, in the aggregate, $248,960,352.94; and that in the single year of 1870 the report of 1871 increases the public debt over the report of 1870 for that year over $94,000,000, and for the year 1869 over $99,000,000; and for the year 1861 the increase is more than $75,000,000, and for the year 1863 more than $21,000,000.

In the report of 1871 the years in which the public debt is increased over the report of 1870 are1862.

$524, 176, 412 13 1863.

1, 119, 772, 138 63 1864.

1, 815, 784,370 57 1869.

2,588, 452, 213 94 1870...

2, 480, 672, 427 81 Total.

8,528, 857,563 08 27,776 14

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In the report of 1870 these same years are put down as follows: 1862..

$514, 211, 371 92 1863.

1,098, 793, 181 37 1864.

1,740, 690, 489 49 1869

2, 489, 002, 480 54 1870.

2, 386, 358, 599 74 Total.....

8, 229,056, 123 06 Showing an aggregate increase in these years of $299,801,440.02.

In the report of 1871 the years in which the public debt is decreased, as compared with the report of 1870, are1866

$2,773, 236, 173 69 1867

2,678, 126, 103 07 1868

2,611, 687,851 19 Total .....

8,063, 050, 128 75 In the report of 1870 these same years are stated1866

* 7,283, 425, 879 21 1867

2, 692, 199, 215 12 1868

2, 636, 320, 964 67 Total...

8, 111, 946, 059, 00 Showing the aggregate decrease in these years to be $48,895,930.25.

The aggregate increase in the other years named has been ascertained to be $299,801,440.02.

There are a few other years in which the figures have been changed, but these changes, when compared with those just stated, are so slight as to amounts that they will not materially affect the aggregate increase ascertained.

In the Finance Report for 1874 the public debt is stated for the years, 1872.

$2, 253, 251, 078 78 1873

2, 234, 482, 743 20 Deciease for that year....

18,768, 335 58 On page 5 of the Finance Report for 1873 the Secretary says the decrease for that year was $43,667,630.05, making a difference of $24,899,324.47. In the Finance Report for 1874 the public debt for 1874 is stated at.. $2, 251, 690, 218 43 In the same report the public debt for 1873 is stated at....

2, 234, 482, 743 20 Increase, according to these figures, in 1874 over 1873 ....

17, 207, 475 23 These figures are from the Register's report of 1874, page 496.

Statements in speech January 24, 1876. If we compare the statements of the annual revenue collected made by the Register in the Finance Report for 1866 for the years 1862, 1863, 1864, and 1865 with the statements of the annual revenue collected in the Finance Reports for 1870 for the same years, we not only find that the amounts differ widely, but the Finance Report for 1870 states that the revenue collected for these years was much less. For instance:

FOR YEAR 1862.

Report for 1c states net revenue collected
Report for 1070 states net revenue collected.

$51,935, 720 76 51,907, 944 Q2

Showing a decrease of

FOR YEAR 1863,

Report for 1866 states net revenue collected.
Report for 1870 states net revenue collected..

112, 687, 290 93
74, 448, 157 55

Showing a decrease of ...

38, 239, 133 40 * Should be 2,783,425,879.21, transposition of figures. Aggregate correct.

FOR YEAR 1864. Report for 1866 states net revenue collected.. Report for 1870 states net revenue collected.

Showing a decrease of

$264, 626, 771160 262, 742, 354 32

1,884, 417 28

FOR YEAR 1835. Report for 1866 states net revenue collected.

333, 714, 605 08 Report for 1870 states net revenue collected.

323, 092, 785 92 Showing a decrease of

10, 621, 819 16 PUBLIC DEBT STATEMENTS. I will now refer to some changes in the statement of the public debt. In all of the Finance Reports from 1835 to 1870 the public debt has been stated for the following years, as folloirs : July 1, 1836..

$291, 089 05 1837.

1,878, 223 55 1841.

6, 737, 398 00 1843.

27, 203, 450 69 1858.

44, 910, 777 66 1859.

58, 754, 699 33 1860.

64, 769, 703 08 The Finance Report for 1871 on page 369 in the statement of the public debt changes these figures, in every instance increasing them, and states the public debt for these same years atJuly 1, 1836.

$336, 957 83 1837.

3, 308, 124 07 1841.

13, 594, 480 73 1843.

32, 742, 922 00 1838.

44,911, 881 03 1859.

58, 496, 837 88 1860.

64, 842, 287 88 The aggregate increase in the public debt in these years is over $13,000,000.

The report of 1871 changes the figures and increases the public debt over all former reports for the year 1837, nearly $1,500,000; for the year 1841, over $6,000,000; and for the year 1843, over $5,000,000.

It must be borne in mind that these changes which were made in the year 1871 reach back from that year to the year 1836, a period of thirty-five years.

While on this subject of the public debt and the changes in the statements thereof, I desire to state further that I find what is generally known as the Pacific Railroad debt was, by Mr. McCulloch for several years and his successor in the year 1869, stated and reported as a part of the public debt, amounting in that year to near $60,000,000; but in the report of 1870 this item of near $60,000,000 is stricken from the public debt and placed in a separate table, and from that year until now it bas been and is reported and treated not as a part of the public debt, but as a debt of the Pacific Railroad, when in fact it was and is as much a public debt as it was when stated and reported as such in the reports of 1869 and in previous years.

Statements in speech Augusl 5, 1876.
Annual expenditures as shown by reports of 1869 and 1870.

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